New search
Property profile & analytics
OFF-MARKET
Hotels
1517 Boylston Ave Seattle, WA 98122-3715
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0717741
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,023 SF
Lot
0.11 ac (5,000 SF)
Zoning code
NC3P-75 (M)
APN
880490-0365
UPID
US90-0717741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sonder The Boylston Hotel & Motel
-
Sonder l Capitol Hill Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ihotel LLC · 6 yrs held
Ihotel LLC
since 2019
7 recorded transactions
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,785
Tax year 2022
Assessed value
$4,184,900
Assessed 2022
Previous assessed
$4,184,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,175,000
Assessed improvement
$2,009,900
Land market value
$2,175,000
Improvement market value
$2,009,900
Total market value
$4,184,900
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Units
39
Total area
10,023 SF
Lot
0.11 ac (5,000 SF)
Zoning code
NC3P-75 (M)
APN
880490-0365
UPID
US90-0717741
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Units
39
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ihotel LLC
Entity
Mailing address
9704 RAINIER AVE S, SEATTLE, WA 98118-5937
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
Ihotel LLC
—
Deed
related
$1,300,000 · Seattle Metropolitan Cu
Jun 1, 2022
—
Ihotel LLC
—
Deed
related
$10,000,000 · Seattle Metropolitan Cu
Dec 27, 2019
$4,100,000
Ihotel LLC
Boylston Wpig LLC
Warranty Deed
$8,715,000 · Seattle Bank
Nov 15, 2016
—
Boylston Wpig LLC
—
Deed
related
$500,000 · Puget Sound Bank
Sep 28, 2016
—
Boylston Wpig LLC
—
Deed
related
$1,800,000 · Puget Sound Bk
Apr 27, 1999
—
Curben Wpig LLC
Neiders,karl D
Grant Deed
$1,250,000 · Viking Community Bank
Jul 23, 1997
$870,000
Neiders,karl D
Maclean,raymond J & Yvonne G
Trustees Deed
$500,000 · North Pacific Bank
Nov 24, 1992
$615,000
Raymond John Maclean
Hunter Scott J&d
Grant Deed
$448,900 · North Pacific Bank
—
—
Scott J Hunter
—
Deed Of Trust
related
$40,000 · Yothers Robert A
—
—
Karl D Neiders
—
Deed Of Trust
related
$100,000 · Defer The Tax 1031 INC
—
—
Boylston Wpig LLC
—
Loan Modification
related
$1,800,000 · Puget Sound Bk
—
—
Boylston Wpig LLC
—
Deed Of Trust
related
$875,000 · Bank Of Puget Sound
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1517 Boylston Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
